About course

Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues. This course by RapidSkillz provides you an expertise in the same.

Study mode and Duration

Course Highlights

To expand your knowledge in the field of microeconomics and to make yourself ready to analyze real economic situations.

About Microeconomics II

Microeconomic study deals with what choices people make, what factors influence their choices and how their decisions affect the goods markets by affecting the price, the supply and demand.

Microeconomics is a branch of economics that studies the behavior of individuals and businesses and how decisions are made based on the allocation of limited resources. Simply put, it is the study of how we make decisions because we know we don't have all the money and time in the world to purchase and do everything. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determine the prices we pay. These prices, in turn, determine the quantity of goods supplied by businesses and the quantity of goods demanded by consumers.

Microeconomics explores issues such as how families reach decisions about what to buy and how much to save. It also affects how firms, such as Nike, determine how many shoes to make and at what price to sell, as well as how competitive different industries are and how that affects consumers.

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